DUBAI: JPMorgan Chase & Co and Michael Klein, the former Citigroup Inc investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co’s (Aramco) initial public offering (IPO), according to people familiar with the matter.
Klein is providing strategic advice to the government, while JPMorgan is working on preparations for the IPO and may be among the banks that underwrite the listing, according to the people, who asked not to be named as the details aren’t public.
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